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d/f b/w MRTS and MRS
Explain in brief the relationship between TR,AR and MR under perfect market condition.
Optimum combination of resources The firm can maximise output given costs. That is when the entrepreneur attains the highest isoquant given a particular Isocost. At t
Keynes and Mitchell Description According to Keynes description, a trade cycle is characterised by alternating expansionary and contractionary wavy movements in the aggregate
#quest Describe the oligopoly market structure and give some examples.ion..
Disadvantages of product differentiation a) Product differentiation generally reduces the degree of competition in the market. It does this in two ways: i.
explain the managerial economics
Real Vs Nominal GNP: "Deflating" by a price Index One of the problems that confront economists when measuring GNP is that they have to use money as the measuring rod. Thes
bargaining power of customer for a cement company
features of monopoly
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